GREEN ENERGY
Gentari plans to offload up to 50% stake in India arm
Gentari, Petronas' renewable energy arm, plans to sell a stake in its Indian unit. This could be a major green energy deal. Standard Chartered is advising on the sale. NTPC Green Energy and others are potential buyers. Gentari's CEO will visit India to discuss the sale. The company has a large portfolio of renewable energy projects in India.
Need to track green hydrogen utilisation: MNRE secretary
India is developing a plan to track the use of green hydrogen and establish global partnerships for its export, according to Santosh Kumar Sarangi. Traceability is crucial to determine if steel production uses green or grey hydrogen. Concessions for green hydrogen exports will be considered in trade agreements, including the India-EU FTA, to promote its adoption.
Shripad Yesso Naik urges industry, global firms to invest in Green Hydrogen sector
Minister Shripad Yesso Naik urged industry leaders to invest in Green Hydrogen, emphasizing its potential for energy security and reduced reliance on fossil fuels. India aims to become a global Green Hydrogen hub through international partnerships and domestic initiatives like the SIGHT program. Sumant Sinha highlighted the need for subsidies and addressing cost challenges to achieve net-zero goals by 2070.
Siemens Energy shares zoom 5%, hit upper circuit post listing; brokerages project 30% upside
Siemens Energy India's shares have witnessed a surge. This follows its listing on the BSE. Brokerage firms anticipate a substantial upside, with target prices reaching Rs 3,700. Analysts foresee the company benefiting from India's power transmission investments. Jefferies projects a strong EPS CAGR. Antique Broking highlights the company's role in decarbonization. Motilal Oswal expects significant revenue and profit growth.
Stock market update: Power stocks down as market falls
The 30-share BSE Sensex was down 12.64 points at 81432.02
Energy transition: How coal mines could go solar
Disused coal mines could be refashioned to place vast fields of solar panels, a new report suggests, providing an unlikely solution to a common obstacle to uptake of the green energy source. Coal mine-to-solar conversions are already happening in some countries, most notably China, which leads the world in solar uptake.
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Dugar Finance raises $3 million from Symbiotics’ Green Basket Bond to boost EV, solar loans
Dugar Finance secured a $3 million debt from Symbiotics Investments. This funding aims to boost electric vehicle and rooftop solar financing. The focus is on residential consumers, MSMEs, and housing societies. These are located in tier-2 and tier-3 cities. British International Investment supports the bond. Ramesh Dugar highlights the mission to link financial inclusion with sustainability.
'Yeh jo kiraye ke tattu hain': Union Minster Hardeep Puri slams pro-Khalistan protestors
Union Minister Hardeep Singh Puri dismissed pro-Khalistani protests in Canada as orchestrated by hired individuals, amidst rising concerns ahead of the G7 Summit. He assured that India's energy reserves are robust despite Iran-Israel tensions impacting global markets. Puri also highlighted advancements in India's biofuel blending and green hydrogen initiatives, showcasing progress in the energy sector.
Sustainable development: The rise of green MSMEs
Sustainability has become a key growth driver for MSMES but policy-based support for green transition is key for faster transition, say experts.
Stock market update: Power stocks down as market rises
The 30-share BSE Sensex was up 205.29 points at 81323.89
Wind energy centre of Atma Nirbhar Bharat: India becomes 3rd largest maker of renewable energy; wind capacity hits 51.5 GW in a decade
On Global Wind Day 2025, Minister Prahlad Joshi emphasised wind energy's pivotal role in India's clean energy goals and its ambition to become a global manufacturing hub. India has achieved 51.5 GW of wind capacity and aims for 100 GW by 2030. The focus is now on integrating wind with storage, reducing tariffs, and boosting manufacturing efficiency.
Karnataka placed first in country for highest wind power capacity
Karnataka secured the top position in India for wind power capacity addition. The state added 1,331.48 MW in the financial year 2024-25. Energy Minister K J George received the award from Union Minister Pralhad Joshi. Tamil Nadu and Gujarat followed in second and third place respectively. Karnataka's total installed wind power capacity now stands at 7,351 MW.
India has achieved 51.5 GW wind capacity, 150% growth in a decade: Union Minister Pralhad Joshi
Union Minister Pralhad Joshi announced India's wind energy capacity has reached 51.5 GW. This marks a 150% growth in ten years. India is now exporting wind turbines. The nation aims for 100 GW by 2030, including offshore projects. The government approved Viability Gap Funding for offshore wind projects. Renewable energy budget increased by 53%.
ETMarkets Smart Talk: From Solar to Switchgear—Capex Themes Remain Strong, says Arvind Kothari
Arvind Kothari from Niveshaay is optimistic about capital expenditure-driven sectors. He highlights opportunities in defense, textiles, and power. RBI's rate cut and liquidity measures aim to boost consumption. Small and mid-cap stocks face valuation risks, while large caps have demand challenges. Promoter selling needs careful evaluation. Normal monsoon is expected to support consumption and auto sectors.
State-run power firm Mahavitaran files plea to distribute electricity across Mumbai
MSEDCL has applied to MERC for a parallel license to distribute electricity in key Mumbai regions, aiming to expand its footprint. The utility plans to supply areas from Colaba to Mira Bhayandar, leveraging its extensive network and experience in Maharashtra.
MSDE-Shell India to jointly impart skills training on green energy and EVs
The Ministry of Skill Development and Entrepreneurship (MSDE) has partnered with Shell India to provide skills training in green skills and electric vehicles (EVs). This initiative, implemented through DGT and Edunet Foundation, will establish specialized EV skill labs in select ITIs and NSTIs across multiple states.
Stock market update: Power stocks down as market falls
The 30-share BSE Sensex was down 825.55 points at 80866.43
Torrent Power shares in focus after bagging 300 MW wind project from SECI
Torrent Power shares will be in focus after its subsidiary, Torrent Green Energy, secured a 300 MW wind power project from SECI under Wind Tranche-XVIII. With a tariff of Rs 3.97/unit and Rs 2,650 crore investment, the project is set for commissioning within 24 months. This brings Torrent’s total renewable capacity under development to 3.3 GWp.
German utility RWE and tech giant Amazon announce partnership
German utility RWE and Amazon have formed a strategic partnership, exchanging clean energy from RWE’s wind and solar projects for Amazon’s AI and cloud services. The deal supports Amazon’s green energy goals and RWE’s digital transformation, with plans to expand collaboration in renewables, data centers, and energy-focused AI development.
Torrent Power bags 300 MW wind project from SECI
Torrent Power's subsidiary, Torrent Green Energy, has secured a 300 MW wind project from SECI under Wind Tranche-XVIII. The project, with a tariff of Rs 3.97 per unit, requires an estimated investment of Rs 2,650 crore. This win increases Torrent's renewable capacity under development to 3.3 GWp, solidifying its position in the power sector.
Stock market update: Power stocks down as market falls
The 30-share BSE Sensex closed down 823.16 points at 81691.98
Nepalese Foreign Minister calls for 'green energy cooperation' with India
Nepal's Foreign Minister highlights that green energy cooperation will strengthen interdependence between Nepal and India, emphasizing clean and sustainable energy sources. A long-term agreement to export 10,000 MW of electricity to India over the next decade signifies growing energy collaboration. Deuba also stressed enhancing connectivity through investments in various infrastructure projects.
Stock market update: Power stocks up as market rises
The 30-share BSE Sensex closed up 123.42 points at 82515.14
Cost of green hydrogen in India set to fall by up to 40%: Report
India's green hydrogen costs are projected to decrease by up to 40% due to government support and incentives, potentially reaching Rs 260-310 per kg. The nation's Green Hydrogen Mission, launched in January 2023 with a Rs 19,744 crore outlay, aims for 5 million tonnes of annual production by 2030.
Stock market update: Power stocks up as market rises
The 30-share BSE Sensex was up 202.39 points at 82594.11
Stock market update: Power stocks up as market falls
The 30-share BSE Sensex closed down 53.49 points at 82391.72
Promoter family to offload 2.9% stake in Suzlon Energy via block deal: Report
Suzlon Energy’s promoters, the Tanti Family and Trust, are set to sell 20 crore shares via a Rs 1,295 crore block deal at a 2.9% discount. The deal includes a 180-day lock-in period and is seen as a strategic move to manage debt. Market experts view the transaction as a sign of sustained investor interest in India’s renewable energy sector.
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